Fidelity National Financial (FNF) Financials

$62.69 -0.52 (-0.83%)

Closing price 03:59 PM Eastern

Extended Trading

$62.64 -0.05 (-0.08%)

As of 05:36 PM Eastern

Annual Income Statements for Fidelity National Financial

This table shows Fidelity National Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	4,714	650	771	628	1,062	1,427	2,797	1,294	517	1,270
Consolidated Net Income / (Loss)	561	692	794	635	1,076	1,452	2,817	1,306	518	1,391
Net Income / (Loss) Continuing Operations	501	622	639	635	1,076	1,477	2,809	1,306	518	1,391
Total Pre-Tax Income	770	955	864	750	1,369	1,784	3,558	1,730	693	1,742
Total Operating Income	4,957	1,019	912	1,014	1,416	1,874	3,672	2,789	4,515	5,717
Total Gross Profit	6,664	4,982	3,114	5,056	5,533	7,544	7,921	8,373	8,844	10,533
Total Revenue	6,664	7,257	7,663	7,594	8,469	10,778	15,655	11,565	11,752	13,681
Operating Revenue	6,664	7,257	7,663	7,594	8,469	10,778	15,655	11,565	11,752	13,681
Total Cost of Revenue	0.00	2,275	4,549	2,538	2,936	3,234	7,734	3,192	2,908	3,148
Operating Cost of Revenue	-	2,275	4,549	2,538	2,696	2,951	7,349	3,192	2,908	3,148
Total Operating Expenses	1,707	3,963	2,202	4,042	4,117	5,670	4,249	5,584	4,329	4,816
Selling, General & Admin Expense	-	1,648	1,781	1,801	1,681	1,759	1,929	1,721	1,521	1,558
Depreciation Expense	150	160	183	182	178	296	432	491	593	739
Other Operating Expenses / (Income)	1,557	2,155	238	2,059	2,258	3,615	1,888	3,372	2,215	2,519
Total Other Income / (Expense), net	0.00	-64	-48	-264	-47	-90	-114	-1,059	-3,822	-3,975
Interest Expense	-	64	48	43	47	90	114	115	174	209
Other Income / (Expense), net	-	-	-	-221	-	-	-	-944	-3,648	-3,766
Income Tax Expense	274	347	235	120	308	322	813	439	192	367
Other Gains / (Losses), net	5.00	14	10	5.00	15	15	64	15	17	16
Net Income / (Loss) Attributable to Noncontrolling Interest	34	42	23	7.00	14	25	20	12	1.00	121
Basic Earnings per Share	$0.00	$2.34	$4.12	$2.30	$3.89	$5.02	$9.81	$4.71	$1.91	$4.69
Weighted Average Basic Shares Outstanding	0.00	339M	336M	273M	273M	284M	285M	275M	270M	271M
Diluted Earnings per Share	$0.00	$2.34	$2.38	$2.26	$3.83	$4.99	$9.75	$4.67	$1.91	$4.65
Weighted Average Diluted Shares Outstanding	0.00	350M	345M	278M	277M	286M	287M	277M	271M	273M
Weighted Average Basic & Diluted Shares Outstanding	0.00	-	274.44M	275.33M	275.61M	291.17M	283.57M	272.21M	273.21M	274.99M
Cash Dividends to Common per Share	$0.00	-	-	-	-	-	$1.56	$1.77	$1.83	$1.94

This table shows Fidelity National Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	362	-5.00	-59	219	426	-69	248	306	266	450
Consolidated Net Income / (Loss)	367	-6.00	-88	243	477	-114	269	343	271	508
Net Income / (Loss) Continuing Operations	367	-6.00	-88	243	477	-114	269	343	271	508
Total Pre-Tax Income	503	-60	-74	332	603	-168	331	458	313	640
Total Operating Income	531	553	-32	1,162	890	2,495	380	1,133	1,535	2,669
Total Gross Profit	2,336	1,990	1,753	2,313	2,044	2,734	2,526	2,379	2,793	2,835
Total Revenue	3,206	2,557	2,474	3,068	2,778	3,432	3,299	3,158	3,603	3,621
Operating Revenue	3,206	2,557	2,474	3,068	2,778	3,432	3,299	3,158	3,603	3,621
Total Cost of Revenue	870	567	721	755	734	698	773	779	810	786
Operating Cost of Revenue	796	734	677	755	734	742	727	779	810	832
Total Operating Expenses	1,805	1,437	1,785	1,151	1,154	239	2,146	1,246	1,258	166
Selling, General & Admin Expense	430	392	360	394	380	387	369	387	396	406
Depreciation Expense	126	130	134	151	153	155	167	189	189	194
Other Operating Expenses / (Income)	1,249	915	1,291	606	621	-303	1,610	670	673	-434
Total Other Income / (Expense), net	-28	-613	-42	-830	-287	-2,663	-49	-675	-1,222	-2,029
Interest Expense	28	26	42	43	44	45	49	47	56	57
Income Tax Expense	136	-55	14	90	141	-53	63	116	44	144
Other Gains / (Losses), net	0.00	-1.00	0.00	1.00	15	1.00	1.00	1.00	2.00	12
Net Income / (Loss) Attributable to Noncontrolling Interest	5.00	-1.00	-29	24	51	-45	21	37	5.00	58
Weighted Average Basic Shares Outstanding	273M	275M	270M	270M	270M	270M	271M	271M	272M	271M
Weighted Average Diluted Shares Outstanding	275M	277M	271M	271M	271M	271M	272M	273M	273M	273M
Weighted Average Basic & Diluted Shares Outstanding	272.13M	272.21M	272.19M	272.17M	272.16M	273.21M	273.24M	273.46M	273.64M	274.99M
Cash Dividends to Common per Share	$0.44	$0.45	$0.45	$0.45	$0.45	$0.48	$0.48	$0.48	$0.48	$0.50

This table details how cash moves in and out of Fidelity National Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	108	543	-213	147	119	1,343	1,641	-2,074	481	712
Net Cash From Operating Activities	951	1,162	737	943	1,121	1,578	4,090	4,355	6,478	6,815
Net Cash From Continuing Operating Activities	951	1,162	737	943	1,121	1,578	4,090	4,355	6,478	6,815
Net Income / (Loss) Continuing Operations	561	692	794	635	1,076	1,452	2,817	1,306	518	1,391
Consolidated Net Income / (Loss)	561	692	794	635	1,076	1,452	2,817	1,306	518	1,391
Depreciation Expense	410	431	389	182	178	296	432	491	593	739
Non-Cash Adjustments To Reconcile Net Income	71	68	-214	141	-292	218	410	2,913	4,795	4,471
Changes in Operating Assets and Liabilities, net	-91	-29	-232	-15	159	-388	431	-355	572	214
Net Cash From Investing Activities	-571	-191	79	-354	-520	-2,331	-7,449	-10,524	-9,090	-7,862
Net Cash From Continuing Investing Activities	-571	-191	79	-354	-520	-2,331	-7,449	-10,524	-9,090	-7,862
Purchase of Property, Plant & Equipment	-241	-290	-149	-83	-96	-110	-131	-138	-132	-146
Acquisitions	-208	-723	-560	-62	-34	-1,245	-1,846	-1,257	-1,595	-1,717
Purchase of Investments	-1,694	-589	-719	-1,498	-867	-4,959	-16,014	-13,148	-13,985	-17,825
Sale and/or Maturity of Investments	1,525	1,412	1,185	1,266	482	3,978	10,553	4,104	6,638	11,819
Other Investing Activities, net	-11	-7.00	-7.00	-1.00	-8.00	5.00	-11	-85	-16	7.00
Net Cash From Financing Activities	-272	-428	-1,029	-442	-482	2,096	5,000	4,095	3,093	1,759
Net Cash From Continuing Financing Activities	-272	-428	-1,029	-442	-482	2,096	5,000	4,095	3,093	1,759
Repayment of Debt	-1,359	-202	-1,315	-515	-10	-2,327	-2,931	-3,850	-4,810	-8,625
Repurchase of Preferred Equity	-	-	-	-	-	-	0.00	0.00	-18	0.00
Repurchase of Common Equity	-499	-276	-70	-20	-89	-348	-469	-572	-41	-41
Payment of Dividends	-249	-248	-287	-338	-355	-403	-465	-509	-532	-581
Issuance of Debt	1,360	132	785	442	0.00	1,000	0.00	550	6.00	18
Issuance of Common Equity	475	-	-	0.00	0.00	1,246	449	0.00	845	1,050
Other Financing Activities, net	0.00	166	-142	-11	-28	2,928	8,416	8,476	7,643	9,938

This table details how cash moves in and out of Fidelity National Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	48	-188	535	315	73	-442	750	1,373	80	-1,491
Net Cash From Operating Activities	1,482	1,378	1,418	1,721	1,076	2,263	1,591	1,363	2,366	1,495
Net Cash From Continuing Operating Activities	1,482	1,378	1,418	1,721	1,076	2,263	1,591	1,363	2,366	1,495
Net Income / (Loss) Continuing Operations	367	-6.00	-88	243	477	-114	269	343	271	508
Consolidated Net Income / (Loss)	367	-6.00	-88	243	477	-114	269	343	271	508
Depreciation Expense	126	130	134	151	153	155	167	189	189	194
Non-Cash Adjustments To Reconcile Net Income	774	1,353	1,654	1,087	550	1,504	1,077	802	1,677	915
Changes in Operating Assets and Liabilities, net	215	-99	-282	240	-104	718	78	29	229	-122
Net Cash From Investing Activities	-1,999	-2,634	-2,285	-1,946	-1,529	-3,330	-1,096	-1,925	-1,995	-2,846
Net Cash From Continuing Investing Activities	-1,999	-2,634	-2,285	-1,946	-1,529	-3,330	-1,096	-1,925	-1,995	-2,846
Purchase of Property, Plant & Equipment	-30	-31	-34	-35	-32	-31	-35	-41	-40	-30
Acquisitions	-332	-164	-600	-429	-331	-235	-556	-453	-464	-244
Purchase of Investments	-3,217	-2,973	-4,077	-3,093	-3,490	-3,325	-3,819	-3,705	-5,118	-5,183
Sale and/or Maturity of Investments	1,579	531	2,430	1,613	2,331	264	3,317	2,253	3,632	2,617
Other Investing Activities, net	-2.00	11	-4.00	-2.00	-7.00	-3.00	-3.00	21	-5.00	-6.00
Net Cash From Financing Activities	565	1,068	1,402	540	526	625	255	1,935	-291	-140
Net Cash From Continuing Financing Activities	565	1,068	1,402	540	526	625	255	1,935	-291	-140
Repayment of Debt	-1,058	-1,048	-985	-1,144	-1,172	-1,509	-1,483	-2,553	-2,782	-1,807
Repurchase of Common Equity	-206	-68	-16	10	-	-35	-5.00	5.00	-	-41
Payment of Dividends	-127	-129	-149	-129	-112	-142	-144	-155	-126	-156
Issuance of Common Equity	-	-	-	-	-	345	-	-	-	500
Other Financing Activities, net	1,956	1,763	2,052	1,819	1,812	1,960	1,880	4,095	2,617	1,346

This table presents Fidelity National Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	13,931	14,521	9,151	9,301	10,677	50,455	60,690	65,143	80,614	95,372
Total Current Assets	1,115	1,793	1,825	4,422	4,244	34,540	42,350	40,506	54,937	63,191
Cash & Equivalents	-	1,049	1,110	1,257	1,376	2,719	4,360	2,286	2,767	3,479
Short-Term Investments	-	-	-	2,478	2,090	28,356	32,481	35,685	44,492	51,268
Note & Lease Receivable	-	-	-	-	0.00	2,031	3,749	-	5,336	5,926
Accounts Receivable	500	322	317	306	346	437	557	467	442	471
Prepaid Expenses	615	422	398	377	432	997	1,203	2,068	1,900	2,047
Plant, Property, & Equipment, net	510	192	193	164	176	180	185	179	168	173
Total Noncurrent Assets	12,306	12,536	7,133	4,715	6,257	15,735	18,155	24,458	25,509	32,008
Long-Term Investments	4,853	3,782	3,371	1,071	2,294	4,660	6,545	9,685	6,221	6,421
Goodwill	4,756	2,555	2,746	2,726	2,727	4,495	4,539	4,635	4,830	5,271
Intangible Assets	1,522	585	618	513	422	2,264	2,557	3,811	4,627	5,976
Other Noncurrent Operating Assets	1,175	395	398	405	814	3,989	4,514	6,327	9,831	14,340
Total Liabilities & Shareholders' Equity	13,931	14,521	9,151	9,301	10,677	50,455	60,690	65,143	80,614	95,372
Total Liabilities	6,999	7,279	4,340	4,329	4,968	42,063	51,233	58,574	73,154	86,840
Total Current Liabilities	3,567	3,280	3,275	2,444	2,603	4,386	4,579	4,136	4,779	4,962
Accounts Payable	1,283	933	955	956	1,094	2,402	2,696	2,326	3,009	3,249
Other Current Liabilities	1,583	1,487	1,490	1,488	1,509	1,623	1,883	1,810	1,770	1,713
Total Noncurrent Liabilities	3,432	3,999	1,065	1,885	2,365	37,677	46,654	54,438	68,375	81,878
Long-Term Debt	2,793	987	759	836	838	2,662	3,096	3,238	3,887	4,321
Noncurrent Deferred & Payable Income Tax Liabilities	594	370	169	227	284	300	205	71	29	0.00
Other Noncurrent Operating Liabilities	45	4.00	137	822	1,243	34,715	43,353	51,129	64,459	77,557
Total Equity & Noncontrolling Interests	6,588	6,898	4,467	4,628	5,365	8,392	9,457	6,569	7,460	8,532
Total Preferred & Common Equity	5,754	5,996	4,447	4,630	5,382	8,351	9,414	6,116	6,908	7,754
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	5,754	5,996	4,447	4,630	5,382	8,351	9,414	6,116	6,908	7,754
Common Stock	4,795	4,848	4,587	4,500	4,581	5,720	5,811	5,870	5,913	5,976
Retained Earnings	1,374	1,784	217	641	1,356	2,394	4,369	5,225	5,244	5,982
Treasury Stock	-346	-623	-468	-498	-598	-1,067	-1,545	-2,109	-2,130	-2,152
Accumulated Other Comprehensive Income / (Loss)	-69	-13	111	-13	43	1,304	779	-2,870	-2,119	-2,052
Noncontrolling Interest	834	902	20	-2.00	-17	41	43	453	552	778

This table presents Fidelity National Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	62,164	69,654	73,021	74,002	84,496	88,824	94,672
Total Current Assets	37,780	42,696	44,816	45,288	51,037	59,320	62,911
Cash & Equivalents	2,474	2,821	3,136	3,209	3,517	4,890	4,970
Short-Term Investments	32,707	37,456	39,001	39,504	45,212	46,633	50,117
Note & Lease Receivable	-	-	-	-	-	5,439	5,626
Accounts Receivable	530	428	465	442	409	439	443
Prepaid Expenses	2,069	1,991	2,214	2,133	1,899	1,919	1,755
Plant, Property, & Equipment, net	182	177	175	172	167	170	174
Total Noncurrent Assets	24,202	26,781	28,030	28,542	33,292	29,334	31,587
Long-Term Investments	10,113	10,581	10,928	10,926	12,166	6,954	7,244
Goodwill	4,609	4,791	4,811	4,830	5,107	5,107	5,272
Intangible Assets	3,838	4,158	4,317	4,439	5,027	5,362	5,758
Other Noncurrent Operating Assets	5,642	7,251	7,974	8,347	10,992	11,911	13,313
Total Liabilities & Shareholders' Equity	62,164	69,654	73,021	74,002	84,496	88,824	94,672
Total Liabilities	56,365	63,006	66,344	67,418	76,659	80,843	85,770
Total Current Liabilities	4,291	4,134	4,506	4,206	4,884	5,081	6,095
Accounts Payable	2,438	2,343	2,725	2,438	3,138	3,360	4,375
Other Current Liabilities	1,853	1,791	1,781	1,768	1,746	1,721	1,720
Total Noncurrent Liabilities	52,074	58,872	61,838	63,212	71,775	75,762	79,675
Long-Term Debt	2,693	3,696	3,696	3,695	3,884	4,175	4,186
Noncurrent Deferred & Payable Income Tax Liabilities	79	61	63	15	28	29	0.00
Other Noncurrent Operating Liabilities	49,302	55,115	58,079	59,502	67,863	71,558	75,489
Total Equity & Noncontrolling Interests	5,799	6,648	6,677	6,584	7,837	7,981	8,902
Total Preferred & Common Equity	5,712	6,192	6,229	6,158	7,125	7,260	8,082
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	5,712	6,192	6,229	6,158	7,125	7,260	8,082
Common Stock	5,885	5,871	5,883	5,895	5,924	5,942	5,965
Retained Earnings	5,069	5,044	5,140	5,444	5,361	5,536	5,671
Treasury Stock	-2,056	-2,113	-2,113	-2,114	-2,131	-2,131	-2,131
Accumulated Other Comprehensive Income / (Loss)	-3,186	-2,610	-2,681	-3,067	-2,029	-2,087	-1,423
Noncontrolling Interest	87	456	448	426	712	721	820

This table displays calculated financial ratios and metrics derived from Fidelity National Financial's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-16.95%	8.90%	5.59%	-0.90%	11.52%	27.26%	45.25%	-26.13%	1.62%	16.41%
EBITDA Growth	-16.84%	-72.98%	-10.28%	-25.06%	63.49%	36.14%	89.12%	-43.08%	-37.50%	84.25%
EBIT Growth	-17.08%	-79.44%	-10.50%	-13.05%	78.56%	32.34%	95.94%	-49.75%	-53.01%	125.03%
NOPAT Growth	-17.08%	-81.30%	2.34%	28.29%	28.84%	39.94%	84.47%	-26.53%	56.83%	38.25%
Net Income Growth	0.00%	0.00%	14.74%	-20.03%	69.45%	34.94%	94.01%	-53.64%	-60.34%	168.53%
EPS Growth	0.00%	0.00%	1.71%	-5.04%	69.47%	30.29%	95.39%	-52.10%	-59.10%	143.46%
Operating Cash Flow Growth	60.10%	22.19%	-36.57%	27.95%	18.88%	40.77%	159.19%	6.48%	48.75%	5.20%
Free Cash Flow Firm Growth	165.88%	66.81%	-91.67%	139.51%	39.80%	1,954.95%	-66.56%	0.87%	-17.03%	41.69%
Invested Capital Growth	15.40%	-83.23%	33.29%	-7.99%	-21.46%	-3,231.77%	-25.10%	-22.75%	-11.32%	-14.67%
Revenue Q/Q Growth	-41.22%	8.62%	373.61%	-23.76%	48.19%	15.03%	7.11%	-16.30%	8.04%	1.40%
EBITDA Q/Q Growth	-41.73%	-73.52%	141.28%	-69.81%	373.88%	24.00%	-1.18%	-31.23%	-53.52%	-56.91%
EBIT Q/Q Growth	-43.57%	-79.85%	125.34%	-73.86%	286.81%	23.70%	4.73%	-41.32%	-66.30%	-64.80%
NOPAT Q/Q Growth	-43.57%	-81.67%	181.72%	-69.89%	313.23%	30.94%	1.68%	-11.17%	66.31%	-0.48%
Net Income Q/Q Growth	0.00%	0.00%	1,012.64%	-23.03%	38.30%	46.67%	3.99%	-41.33%	-17.25%	80.88%
EPS Q/Q Growth	0.00%	0.00%	6.25%	-100.00%	36.30%	50.30%	3.94%	-40.36%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-2.76%	13.59%	-25.03%	0.00%	15.33%	13.85%	27.30%	-2.51%	15.82%	-10.13%
Free Cash Flow Firm Q/Q Growth	-61.46%	43.92%	-82.75%	-69.19%	461.88%	16.15%	-18.58%	-6.00%	-11.41%	2.66%
Invested Capital Q/Q Growth	20.15%	-81.11%	-12.25%	-2.05%	-9.64%	-16.39%	-4.64%	-2.85%	2.83%	1.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	68.65%	40.64%	66.58%	65.33%	69.99%	50.60%	72.40%	75.26%	76.99%
EBITDA Margin	80.54%	19.98%	16.98%	12.84%	18.82%	20.13%	26.22%	20.20%	12.42%	19.66%
Operating Margin	74.38%	14.04%	11.90%	13.35%	16.72%	17.39%	23.46%	24.12%	38.42%	41.79%
EBIT Margin	74.38%	14.04%	11.90%	10.44%	16.72%	17.39%	23.46%	15.95%	7.38%	14.26%
Profit (Net Income) Margin	0.00%	9.54%	10.36%	8.36%	12.71%	13.47%	17.99%	11.29%	4.41%	10.17%
Tax Burden Percent	0.00%	72.46%	91.90%	84.67%	78.60%	81.39%	79.17%	75.49%	74.75%	79.85%
Interest Burden Percent	0.00%	93.72%	94.74%	94.58%	96.68%	95.20%	96.90%	93.77%	79.93%	89.29%
Effective Tax Rate	0.00%	36.34%	27.20%	16.00%	22.50%	18.05%	22.85%	25.38%	27.71%	21.07%
Return on Invested Capital (ROIC)	76.31%	22.81%	69.67%	81.47%	122.69%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	226.33%	21.79%	67.11%	87.11%	123.17%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-76.31%	-13.04%	-56.49%	-68.49%	-102.54%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	9.76%	13.18%	12.98%	20.15%	20.59%	31.56%	16.30%	7.38%	17.40%
Cash Return on Invested Capital (CROIC)	62.02%	165.36%	41.13%	89.79%	146.72%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	35.69%	7.16%	7.71%	8.60%	14.18%	6.13%	6.61%	2.93%	1.19%	2.22%
Return on Assets (ROA)	0.00%	4.86%	6.71%	6.88%	10.77%	4.75%	5.07%	2.08%	0.71%	1.58%
Return on Common Equity (ROCE)	0.00%	8.09%	11.42%	12.04%	18.89%	20.06%	31.42%	15.79%	6.86%	15.95%
Return on Equity Simple (ROE_SIMPLE)	9.75%	11.54%	17.85%	13.71%	19.99%	17.39%	29.92%	21.35%	7.50%	17.94%
Net Operating Profit after Tax (NOPAT)	3,470	649	664	852	1,097	1,536	2,833	2,081	3,264	4,513
NOPAT Margin	52.07%	8.94%	8.66%	11.22%	12.96%	14.25%	18.10%	18.00%	27.77%	32.98%
Net Nonoperating Expense Percent (NNEP)	-150.02%	1.02%	2.56%	-5.64%	-0.48%	-0.44%	-0.04%	-1.83%	-5.84%	-5.87%
Return On Investment Capital (ROIC_SIMPLE)	36.99%	8.23%	12.70%	15.59%	17.69%	13.89%	22.57%	21.22%	28.77%	35.11%
Cost of Revenue to Revenue	0.00%	31.35%	59.36%	33.42%	34.67%	30.01%	49.40%	27.60%	24.74%	23.01%
SG&A Expenses to Revenue	0.00%	22.71%	23.24%	23.72%	19.85%	16.32%	12.32%	14.88%	12.94%	11.39%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.62%	54.61%	28.74%	53.23%	48.61%	52.61%	27.14%	48.28%	36.84%	35.20%
Earnings before Interest and Taxes (EBIT)	4,957	1,019	912	793	1,416	1,874	3,672	1,845	867	1,951
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5,367	1,450	1,301	975	1,594	2,170	4,104	2,336	1,460	2,690
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.50	1.38	2.19	1.42	1.81	1.12	1.33	1.53	1.92	1.97
Price to Tangible Book Value (P/TBV)	0.00	2.90	8.99	4.72	4.37	5.87	5.39	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.29	1.14	1.27	0.86	1.15	0.87	0.80	0.81	1.13	1.11
Price to Earnings (P/E)	1.83	12.76	12.63	10.45	9.19	6.55	4.47	7.23	25.72	12.00
Dividend Yield	3.28%	3.59%	0.00%	5.03%	3.55%	4.24%	3.55%	5.15%	3.75%	3.48%
Earnings Yield	54.74%	7.84%	7.92%	9.57%	10.88%	15.27%	22.38%	13.84%	3.89%	8.33%
Enterprise Value to Invested Capital (EV/IC)	1.59	6.97	5.86	2.93	6.56	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.16	0.78	0.83	0.39	0.61	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	1.44	3.93	4.91	3.01	3.24	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	1.56	5.59	7.00	3.70	3.65	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	2.23	8.78	9.61	3.45	4.71	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.13	4.90	8.66	3.11	4.61	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	2.74	1.21	16.28	3.13	3.94	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.40	0.14	0.16	0.17	0.15	0.32	0.33	0.49	0.52	0.51
Long-Term Debt to Equity	0.40	0.14	0.16	0.17	0.15	0.32	0.33	0.49	0.52	0.51
Financial Leverage	-0.34	-0.60	-0.84	-0.79	-0.83	-2.69	-4.11	-5.29	-6.70	-6.66
Leverage Ratio	2.02	2.01	1.96	1.89	1.87	4.34	6.23	7.85	10.39	11.00
Compound Leverage Factor	0.00	1.88	1.86	1.78	1.81	4.13	6.03	7.36	8.30	9.83
Debt to Total Capital	28.72%	11.99%	13.63%	14.39%	12.80%	24.08%	24.66%	33.02%	34.26%	33.62%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	28.72%	11.99%	13.63%	14.39%	12.80%	24.08%	24.66%	33.02%	34.26%	33.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	12.11%	15.14%	6.54%	5.89%	4.99%	0.37%	0.34%	4.62%	4.86%	6.05%
Common Equity to Total Capital	59.17%	72.86%	79.84%	79.72%	82.21%	75.55%	74.99%	62.36%	60.88%	60.33%
Debt to EBITDA	0.52	0.68	0.58	0.86	0.53	1.23	0.75	1.39	2.66	1.61
Net Debt to EBITDA	-0.38	-2.65	-2.86	-4.07	-3.09	-15.24	-9.82	-19.01	-33.97	-21.13
Long-Term Debt to EBITDA	0.52	0.68	0.58	0.86	0.53	1.23	0.75	1.39	2.66	1.61
Debt to NOPAT	0.80	1.52	1.14	0.98	0.76	1.73	1.09	1.56	1.19	0.96
Net Debt to NOPAT	-0.59	-5.93	-5.61	-4.66	-4.49	-21.54	-14.22	-21.34	-15.19	-12.60
Long-Term Debt to NOPAT	0.80	1.52	1.14	0.98	0.76	1.73	1.09	1.56	1.19	0.96
Altman Z-Score	2.32	1.46	2.36	2.36	2.77	1.25	1.45	1.15	1.13	1.14
Noncontrolling Interest Sharing Ratio	14.37%	17.10%	13.36%	7.22%	6.26%	2.61%	0.47%	3.10%	7.16%	8.32%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.31	0.55	0.56	1.81	1.63	7.88	9.25	9.79	11.50	12.74
Quick Ratio	0.14	0.42	0.44	1.65	1.46	7.65	8.99	9.29	11.10	12.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,820	4,704	392	939	1,312	26,970	9,019	9,097	7,548	10,695
Operating Cash Flow to CapEx	397.91%	409.15%	508.28%	1,520.97%	1,218.48%	1,434.55%	3,122.14%	3,155.80%	4,907.58%	4,667.81%
Free Cash Flow to Firm to Interest Expense	0.00	73.50	8.17	21.83	27.92	299.66	79.11	79.11	43.38	51.17
Operating Cash Flow to Interest Expense	0.00	18.16	15.35	21.93	23.85	17.53	35.88	37.87	37.23	32.61
Operating Cash Flow Less CapEx to Interest Expense	0.00	13.72	12.33	20.49	21.89	16.31	34.73	36.67	36.47	31.91
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.48	0.51	0.65	0.82	0.85	0.35	0.28	0.18	0.16	0.16
Accounts Receivable Turnover	0.00	17.66	23.98	24.38	25.98	27.53	31.50	22.59	25.86	29.97
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	11.64	20.68	39.81	42.54	49.82	60.55	85.78	63.54	67.73	80.24
Accounts Payable Turnover	0.00	2.05	4.82	2.66	2.86	1.85	3.03	1.27	1.09	1.01
Days Sales Outstanding (DSO)	0.00	20.67	15.22	14.97	14.05	13.26	11.59	16.16	14.12	12.18
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	177.77	75.74	137.41	127.43	197.29	120.30	287.13	334.81	362.80
Cash Conversion Cycle (CCC)	0.00	-157.10	-60.53	-122.44	-113.38	-184.03	-108.71	-270.97	-320.70	-350.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,872	817	1,089	1,002	787	-24,647	-30,833	-37,849	-42,133	-48,315
Invested Capital Turnover	1.47	2.55	8.04	7.26	9.47	-0.90	-0.56	-0.34	-0.29	-0.30
Increase / (Decrease) in Invested Capital	650	-4,055	272	-87	-215	-25,434	-6,186	-7,016	-4,284	-6,182
Enterprise Value (EV)	7,730	5,695	6,382	2,937	5,165	-23,689	-27,752	-34,614	-35,744	-40,825
Market Capitalization	8,612	8,293	9,740	6,565	9,760	9,343	12,495	9,351	13,297	15,244
Book Value per Share	$16.29	$17.71	$13.16	$16.82	$19.57	$28.44	$33.09	$22.47	$25.38	$28.34
Tangible Book Value per Share	($1.48)	$8.44	$3.20	$5.05	$8.12	$5.42	$8.15	($8.56)	($9.37)	($12.77)
Total Capital	9,725	8,229	5,570	5,808	6,547	11,054	12,553	9,807	11,347	12,853
Total Debt	2,793	987	759	836	838	2,662	3,096	3,238	3,887	4,321
Total Long-Term Debt	2,793	987	759	836	838	2,662	3,096	3,238	3,887	4,321
Net Debt	-2,060	-3,844	-3,722	-3,970	-4,922	-33,073	-40,290	-44,418	-49,593	-56,847
Capital Expenditures (CapEx)	239	284	145	62	92	110	131	138	132	146
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,452	-2,536	-2,560	-1,757	-1,825	-921	930	-1,601	2,899	3,482
Debt-free Net Working Capital (DFNWC)	-2,452	-1,487	-1,450	1,978	1,641	30,154	37,771	36,370	50,158	58,229
Net Working Capital (NWC)	-2,452	-1,487	-1,450	1,978	1,641	30,154	37,771	36,370	50,158	58,229
Net Nonoperating Expense (NNE)	3,470	-43	-130	217	21	84	16	775	2,746	3,122
Net Nonoperating Obligations (NNO)	-2,060	-6,425	-3,722	-3,970	-4,922	-33,039	-40,290	-44,418	-49,593	-56,847
Total Depreciation and Amortization (D&A)	410	431	389	182	178	296	432	491	593	739
Debt-free, Cash-free Net Working Capital to Revenue	-36.79%	-34.95%	-33.41%	-23.14%	-21.55%	-8.55%	5.94%	-13.84%	24.67%	25.45%
Debt-free Net Working Capital to Revenue	-36.79%	-20.49%	-18.92%	26.05%	19.38%	279.77%	241.27%	314.48%	426.80%	425.62%
Net Working Capital to Revenue	-36.79%	-20.49%	-18.92%	26.05%	19.38%	279.77%	241.27%	314.48%	426.80%	425.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$4.12	$2.30	$3.89	$5.02	$8.50	$4.13	$1.91	$4.69
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	336M	273M	273M	284M	285M	275M	270M	271M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$2.38	$2.26	$3.83	$4.99	$8.44	$4.10	$1.91	$4.65
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	345M	278M	277M	286M	287M	277M	271M	273M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	481.04M	0.00	274.44M	275.33M	275.61M	291.17M	283.57M	272.21M	273.21M	274.99M
Normalized Net Operating Profit after Tax (NOPAT)	3,470	649	664	852	1,097	1,536	2,833	2,081	3,264	4,513
Normalized NOPAT Margin	52.07%	8.94%	8.66%	11.22%	12.96%	14.25%	18.10%	18.00%	27.77%	32.98%
Pre Tax Income Margin	0.00%	13.16%	11.28%	9.88%	16.16%	16.55%	22.73%	14.96%	5.90%	12.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	15.92	19.00	18.44	30.13	20.82	32.21	16.04	4.98	9.33
NOPAT to Interest Expense	0.00	10.14	13.83	19.81	23.35	17.06	24.85	18.10	18.76	21.59
EBIT Less CapEx to Interest Expense	0.00	11.48	15.98	17.00	28.17	19.60	31.06	14.84	4.22	8.64
NOPAT Less CapEx to Interest Expense	0.00	5.70	10.81	18.37	21.39	15.84	23.70	16.90	18.00	20.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	35.84%	36.15%	53.23%	32.99%	27.75%	16.51%	38.97%	102.70%	41.77%
Augmented Payout Ratio	0.00%	75.72%	44.96%	56.38%	41.26%	51.72%	33.16%	82.77%	110.62%	44.72%

This table displays calculated financial ratios and metrics derived from Fidelity National Financial's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-17.63%	-46.83%	-21.88%	16.43%	-13.35%	34.22%	33.35%	2.93%	29.70%	5.51%
EBITDA Growth	-45.48%	-14.63%	-85.45%	-40.36%	21.77%	287.99%	436.27%	31.94%	-30.25%	8.04%
EBIT Growth	-44.28%	-39.10%	-105.46%	-50.79%	21.85%	351.18%	1,287.50%	34.67%	-42.97%	6.97%
NOPAT Growth	-59.36%	-45.20%	-103.30%	53.60%	76.00%	351.18%	1,473.54%	-0.11%	93.46%	18.44%
Net Income Growth	-50.20%	-100.66%	-121.89%	-55.25%	29.97%	-1,800.00%	405.68%	41.15%	-43.19%	545.61%
EPS Growth	-48.64%	-99.37%	-115.60%	0.00%	0.00%	0.00%	513.64%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	36.72%	-7.52%	112.59%	107.85%	-27.40%	64.22%	12.20%	-20.80%	119.89%	-33.94%
Free Cash Flow Firm Growth	-16.46%	7.41%	49.17%	206.56%	-6.25%	-18.54%	-4.62%	-63.96%	-0.52%	36.81%
Invested Capital Growth	-24.89%	-22.75%	-30.31%	-37.18%	-17.82%	-11.32%	-21.38%	-8.50%	-13.57%	-14.67%
Revenue Q/Q Growth	21.67%	-20.24%	-3.25%	24.01%	-9.45%	23.54%	-3.88%	-4.27%	14.09%	0.50%
EBITDA Q/Q Growth	-25.51%	3.96%	-85.07%	415.69%	52.09%	231.25%	-79.36%	26.87%	-19.60%	413.08%
EBIT Q/Q Growth	-30.32%	4.14%	-105.79%	1,271.88%	72.53%	285.63%	-84.77%	32.89%	-26.93%	623.31%
NOPAT Q/Q Growth	-29.74%	-0.09%	-105.79%	3,881.25%	-19.49%	156.13%	-82.38%	174.98%	55.93%	56.80%
Net Income Q/Q Growth	-32.41%	-101.63%	-1,366.67%	376.14%	96.30%	-123.90%	335.96%	27.51%	-20.99%	87.45%
EPS Q/Q Growth	-31.25%	-98.48%	-1,200.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	78.99%	-7.02%	2.90%	21.37%	-37.48%	110.32%	-29.70%	-14.33%	73.59%	-36.81%
Free Cash Flow Firm Q/Q Growth	90.66%	-4.14%	27.00%	32.07%	-41.69%	-16.70%	48.71%	-50.10%	60.94%	14.55%
Invested Capital Q/Q Growth	-18.25%	-2.85%	-7.04%	-5.38%	-1.56%	2.83%	-16.71%	5.80%	-6.31%	1.88%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	72.86%	77.83%	70.86%	75.39%	73.58%	79.66%	76.57%	75.33%	77.52%	78.29%
EBITDA Margin	20.49%	26.71%	4.12%	17.14%	28.80%	77.21%	16.58%	21.98%	15.49%	79.07%
Operating Margin	16.56%	21.63%	-1.29%	37.87%	32.04%	72.70%	11.52%	35.88%	42.60%	73.71%
EBIT Margin	16.56%	21.63%	-1.29%	12.22%	23.29%	72.70%	11.52%	15.99%	10.24%	73.71%
Profit (Net Income) Margin	11.45%	-0.23%	-3.56%	7.92%	17.17%	-3.32%	8.15%	10.86%	7.52%	14.03%
Tax Burden Percent	72.96%	10.00%	118.92%	73.19%	79.10%	67.86%	81.27%	74.89%	86.58%	79.38%
Interest Burden Percent	94.73%	-10.85%	231.25%	88.53%	93.20%	-6.73%	87.11%	90.69%	84.82%	23.98%
Effective Tax Rate	27.04%	0.00%	0.00%	27.11%	23.38%	0.00%	19.03%	25.33%	14.06%	22.50%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	29.34%	16.30%	11.05%	7.69%	10.11%	7.38%	12.08%	13.30%	9.93%	17.40%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	3.79%	3.98%	-0.22%	2.06%	3.72%	11.72%	1.88%	2.50%	1.64%	11.46%
Return on Assets (ROA)	2.62%	-0.04%	-0.59%	1.33%	2.74%	-0.54%	1.33%	1.70%	1.20%	2.18%
Return on Common Equity (ROCE)	29.09%	15.79%	10.68%	7.41%	9.69%	6.86%	11.11%	12.24%	9.13%	15.95%
Return on Equity Simple (ROE_SIMPLE)	38.97%	0.00%	13.18%	8.28%	10.17%	0.00%	12.28%	13.43%	9.52%	0.00%
Net Operating Profit after Tax (NOPAT)	387	387	-22	847	682	1,747	308	846	1,319	2,068
NOPAT Margin	12.08%	15.14%	-0.91%	27.61%	24.55%	50.89%	9.33%	26.79%	36.61%	57.12%
Net Nonoperating Expense Percent (NNEP)	-0.05%	-0.93%	-0.15%	-1.38%	-0.44%	-3.96%	-0.07%	-0.97%	-1.94%	-2.93%
Return On Investment Capital (ROIC_SIMPLE)	4.56%	3.95%	-0.22%	8.17%	6.63%	15.39%	2.63%	6.96%	10.08%	16.09%
Cost of Revenue to Revenue	27.14%	22.17%	29.14%	24.61%	26.42%	20.34%	23.43%	24.67%	22.48%	21.71%
SG&A Expenses to Revenue	13.41%	15.33%	14.55%	12.84%	13.68%	11.28%	11.19%	12.25%	10.99%	11.21%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	56.30%	56.20%	72.15%	37.52%	41.54%	6.96%	65.05%	39.46%	34.92%	4.58%
Earnings before Interest and Taxes (EBIT)	531	553	-32	375	647	2,495	380	505	369	2,669
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	657	683	102	526	800	2,650	547	694	558	2,863
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.52	1.53	1.42	1.48	1.73	1.92	1.97	1.82	2.07	1.97
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.63	0.81	0.81	0.81	0.98	1.13	1.12	1.04	1.24	1.11
Price to Earnings (P/E)	3.94	7.23	10.54	17.78	18.34	25.72	17.02	14.47	22.24	12.00
Dividend Yield	5.59%	5.15%	5.50%	5.30%	4.60%	3.75%	3.62%	3.92%	3.14%	3.48%
Earnings Yield	25.39%	13.84%	9.49%	5.62%	5.45%	3.89%	5.88%	6.91%	4.50%	8.33%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.46	0.49	0.56	0.55	0.56	0.52	0.50	0.52	0.47	0.51
Long-Term Debt to Equity	0.46	0.49	0.56	0.55	0.56	0.52	0.50	0.52	0.47	0.51
Financial Leverage	-5.37	-5.29	-5.85	-6.50	-7.47	-6.70	-7.19	-7.07	-6.98	-6.66
Leverage Ratio	7.95	7.85	8.84	10.00	11.00	10.39	10.64	11.04	10.89	11.00
Compound Leverage Factor	7.53	-0.85	20.44	8.85	10.25	-0.70	9.27	10.01	9.24	2.64
Debt to Total Capital	31.71%	33.02%	35.73%	35.63%	35.95%	34.26%	33.14%	34.35%	31.98%	33.62%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	31.71%	33.02%	35.73%	35.63%	35.95%	34.26%	33.14%	34.35%	31.98%	33.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.02%	4.62%	4.41%	4.32%	4.14%	4.86%	6.07%	5.93%	6.27%	6.05%
Common Equity to Total Capital	67.26%	62.36%	59.86%	60.05%	59.91%	60.88%	60.79%	59.72%	61.75%	60.33%
Debt to EBITDA	0.79	1.39	1.59	1.34	1.18	2.66	0.70	0.75	0.67	1.61
Net Debt to EBITDA	-12.54	-19.01	-20.29	-17.92	-15.90	-33.97	-10.27	-9.76	-9.31	-21.13
Long-Term Debt to EBITDA	0.79	1.39	1.59	1.34	1.18	2.66	0.70	0.75	0.67	1.61
Debt to NOPAT	1.15	1.56	2.79	2.27	1.88	1.19	1.01	1.09	0.92	0.96
Net Debt to NOPAT	-18.18	-21.34	-35.61	-30.29	-25.45	-15.19	-14.83	-14.18	-12.82	-12.60
Long-Term Debt to NOPAT	1.15	1.56	2.79	2.27	1.88	1.19	1.01	1.09	0.92	0.96
Altman Z-Score	1.10	1.08	1.00	1.02	1.04	1.19	1.02	1.08	1.08	1.16
Noncontrolling Interest Sharing Ratio	0.85%	3.10%	3.37%	3.66%	4.14%	7.16%	8.06%	7.98%	8.05%	8.32%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	8.80	9.79	10.33	9.95	10.77	11.50	10.45	11.67	10.32	12.74
Quick Ratio	8.32	9.29	9.85	9.45	10.26	11.10	10.06	11.30	10.03	12.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	7,722	7,403	9,402	12,417	7,240	6,031	8,968	4,475	7,202	8,250
Operating Cash Flow to CapEx	5,488.89%	4,445.16%	4,170.59%	4,917.14%	3,362.50%	7,300.00%	4,545.71%	3,324.39%	5,915.00%	4,983.33%
Free Cash Flow to Firm to Interest Expense	275.80	284.73	223.85	288.77	164.54	134.01	183.01	95.21	128.61	144.75
Operating Cash Flow to Interest Expense	52.93	53.00	33.76	40.02	24.45	50.29	32.47	29.00	42.25	26.23
Operating Cash Flow Less CapEx to Interest Expense	51.96	51.81	32.95	39.21	23.73	49.60	31.76	28.13	41.54	25.70
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.23	0.18	0.17	0.17	0.16	0.16	0.16	0.16	0.16	0.16
Accounts Receivable Turnover	26.24	22.59	22.72	20.92	22.38	25.86	30.05	28.02	30.49	29.97
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	75.09	63.54	59.74	62.81	61.45	67.73	73.12	73.43	77.99	80.24
Accounts Payable Turnover	2.81	1.27	1.21	1.09	1.14	1.09	1.08	0.98	0.90	1.01
Days Sales Outstanding (DSO)	13.91	16.16	16.06	17.45	16.31	14.12	12.15	13.02	11.97	12.18
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	130.10	287.13	301.92	333.93	320.44	334.81	337.93	372.16	406.33	362.80
Cash Conversion Cycle (CCC)	-116.19	-270.97	-285.86	-316.47	-304.13	-320.70	-325.79	-359.13	-394.36	-350.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-36,802	-37,849	-40,514	-42,692	-43,360	-42,133	-49,174	-46,321	-49,243	-48,315
Invested Capital Turnover	-0.42	-0.34	-0.30	-0.31	-0.27	-0.29	-0.28	-0.28	-0.29	-0.30
Increase / (Decrease) in Invested Capital	-7,335	-7,016	-9,424	-11,570	-6,558	-4,284	-8,660	-3,629	-5,883	-6,182
Enterprise Value (EV)	-33,820	-34,614	-37,903	-39,730	-38,862	-35,744	-42,276	-40,399	-40,626	-40,825
Market Capitalization	8,694	9,351	8,803	9,191	10,656	13,297	14,023	13,182	16,699	15,244
Book Value per Share	$20.67	$22.47	$22.75	$22.88	$22.63	$25.38	$26.08	$26.57	$29.55	$28.34
Tangible Book Value per Share	($9.90)	($8.56)	($10.13)	($10.65)	($11.43)	($9.37)	($11.01)	($11.74)	($10.78)	($12.77)
Total Capital	8,492	9,807	10,344	10,373	10,279	11,347	11,721	12,156	13,088	12,853
Total Debt	2,693	3,238	3,696	3,696	3,695	3,887	3,884	4,175	4,186	4,321
Total Long-Term Debt	2,693	3,238	3,696	3,696	3,695	3,887	3,884	4,175	4,186	4,321
Net Debt	-42,601	-44,418	-47,162	-49,369	-49,944	-49,593	-57,011	-54,302	-58,145	-56,847
Capital Expenditures (CapEx)	27	31	34	35	32	31	35	41	40	30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,692	-1,601	-1,715	-1,827	-1,631	2,899	-2,576	2,716	1,729	3,482
Debt-free Net Working Capital (DFNWC)	33,489	36,370	38,562	40,310	41,082	50,158	46,153	54,239	56,816	58,229
Net Working Capital (NWC)	33,489	36,370	38,562	40,310	41,082	50,158	46,153	54,239	56,816	58,229
Net Nonoperating Expense (NNE)	20	393	66	604	205	1,861	39	503	1,048	1,560
Net Nonoperating Obligations (NNO)	-42,601	-44,418	-47,162	-49,369	-49,944	-49,593	-57,011	-54,302	-58,145	-56,847
Total Depreciation and Amortization (D&A)	126	130	134	151	153	155	167	189	189	194
Debt-free, Cash-free Net Working Capital to Revenue	-12.25%	-13.84%	-15.77%	-16.16%	-14.99%	24.67%	-20.48%	21.44%	12.82%	25.45%
Debt-free Net Working Capital to Revenue	242.38%	314.48%	354.69%	356.57%	377.70%	426.80%	366.96%	428.19%	421.11%	425.62%
Net Working Capital to Revenue	242.38%	314.48%	354.69%	356.57%	377.70%	426.80%	366.96%	428.19%	421.11%	425.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.06	$0.03	($0.22)	$0.81	$1.58	$0.00	$0.92	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	273M	275M	270M	270M	270M	270M	271M	271M	272M	271M
Adjusted Diluted Earnings per Share	$1.05	$0.02	($0.22)	$0.81	$1.57	$0.00	$0.91	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	275M	277M	271M	271M	271M	271M	272M	273M	273M	273M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	272.13M	272.21M	272.19M	272.17M	272.16M	273.21M	273.24M	273.46M	273.64M	274.99M
Normalized Net Operating Profit after Tax (NOPAT)	387	387	-22	847	682	1,747	308	846	1,319	2,068
Normalized NOPAT Margin	12.08%	15.14%	-0.91%	27.61%	24.55%	50.89%	9.33%	26.79%	36.61%	57.12%
Pre Tax Income Margin	15.69%	-2.35%	-2.99%	10.82%	21.71%	-4.90%	10.03%	14.50%	8.69%	17.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	18.96	21.27	-0.76	8.72	14.70	55.44	7.76	10.74	6.59	46.82
NOPAT to Interest Expense	13.84	14.89	-0.53	19.70	15.50	38.81	6.28	18.00	23.56	36.29
EBIT Less CapEx to Interest Expense	18.00	20.08	-1.57	7.91	13.98	54.76	7.04	9.87	5.88	46.30
NOPAT Less CapEx to Interest Expense	12.87	13.70	-1.34	18.88	14.77	38.12	5.56	17.13	22.84	35.76
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.96%	38.97%	64.95%	103.49%	82.91%	102.70%	60.23%	56.72%	73.73%	41.77%
Augmented Payout Ratio	50.45%	82.77%	121.20%	157.75%	94.73%	110.62%	63.66%	60.31%	78.28%	44.72%

Frequently Asked Questions About Fidelity National Financial's Financials

When does Fidelity National Financial's fiscal year end?

According to the most recent income statement we have on file, Fidelity National Financial's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Fidelity National Financial's net income changed over the last 9 years?

Fidelity National Financial's net income appears to be on an upward trend, with a most recent value of $1.39 billion in 2024, rising from $561 million in 2015. The previous period was $518 million in 2023.

What is Fidelity National Financial's operating income?

Fidelity National Financial's total operating income in 2024 was $5.72 billion, based on the following breakdown:

Total Gross Profit: $10.53 billion
Total Operating Expenses: $4.82 billion

How has Fidelity National Financial revenue changed over the last 9 years?

Over the last 9 years, Fidelity National Financial's total revenue changed from $6.66 billion in 2015 to $13.68 billion in 2024, a change of 105.3%.

How much debt does Fidelity National Financial have?

Fidelity National Financial's total liabilities were at $86.84 billion at the end of 2024, a 18.7% increase from 2023, and a 1,140.7% increase since 2015.

How much cash does Fidelity National Financial have?

In the past 9 years, Fidelity National Financial's cash and equivalents has ranged from $0.00 in 2015 to $4.36 billion in 2021, and is currently $3.48 billion as of their latest financial filing in 2024.

How has Fidelity National Financial's book value per share changed over the last 9 years?

Over the last 9 years, Fidelity National Financial's book value per share changed from 16.29 in 2015 to 28.34 in 2024, a change of 74.0%.

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This page (NYSE:FNF) was last updated on 4/25/2025 by MarketBeat.com Staff

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Fidelity National Financial (FNF) Financials

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